美国CPA考试复习：Income statement

　　美国注册会计师考试现为计算机考试，不论报名哪州的考试，均可在美国任何一州的指定计算机考试中心参加考试。美国注册会计师每年分为四个考试窗口，即每一季度为一个考试窗口，每一考试窗口的前两个月为考试月，第三个月为停考阅卷月。网校为了帮助广大学员备战2014年美国cpa考试，精心为大家分享美国cpa考试科目里的重要知识点，希望能够提升您的备考效果，祝您学习愉快！

　　“IDEA”：

　　“IDE” 1st tier of I/S.

　　“A” directly flow to Retained earnings statement

　　Cost and Unexpired Costs（F1-17）

　　Cost is the amount actually paid for something.

　　Most kinds of cost expire in current period or in future period.

　　-Expired cost become expense of I/S.（COGS）

　　-Unexpired cost become assets of B/S.（Inventory）

　　-Unexpired cost will allocated in a systematic and rational manner or matched against Revenues from future period

　　Several kinds of cost NEVER expired

　　Land

　　“I” of “IDEA” is before income tax

　　“DEA” of “IDEA” are after income tax

　　2nd tier of “I”：Before Tax（F1-18）

　　2nd tier of “I”：Before Tax（F1-18）

　　Operating activities （Gross Concept， revenues， expenses）

　　Non-operating activities （Net Concept，gains，losses）

　　Income taxes = current + deferred

　　“DE” of “IDEA” are after income tax（F1-18）

　　“D”，Income （Loss）from Discontinued Operations，NET of tax

　　“E”，Extraordinary Items，NET of tax，

　　Unusual in nature

　　AND

　　Infrequent in occurrence

　　（if “OR”，Income from continuing operation）

　　“A” of “IDEA” are after income tax（F1-18）

　　“A”，Cumulative Effect of Change in Accounting Principle，NET of tax，Report on statement of retained Earnings.

　　Two types of income statement

　　Dose I/S report operating results separately from non-operating results？

　　“YES”，Multiple step I/S（F1-19）

　　“NO”，Single step I/S（F1-20）

　　Tip：The key is to find the line “Income（loss）from operations”

　　FI-2-1 Income from continuing operations

　　F1-2-2 Discontinued operations and exit or disposal activities

　　F1-2-3 Extraordinary items

　　F1-2-4 Accounting changes and error corrections

　　Component of an Entity（F1-21）

　　A part of an entity

　　Operations and cash flows can be clearly distinguished from the rest of entity

　　Two types of component qualified（F1-22）

　　-Has been disposed of，or

　　-Is classified as held for sale.

　　6 criteria（ALL meet）（F1-21）

　　Items included in Results of Discontinued Operations（F1-22）

　　Results of operations of the component

　　Gain/Loss on disposal of the component

　　Impairment Loss（and subsequent increases in fair value）

　　Pass Key of Discontinued Operations Calculation

　　某component在X1年12月15日符合Discontinued operations-HFS条件，预计X2年6月dispose，则X1.12.31报表中

　　X1.1.1-X1.12.31的损益全部记入DO.

　　X0.1.1-X0.12.31的损益重分类入DO.

　　通常要计提impairment

　　上述三项要用税后净值（1-税率）

　　所有资产不在计提折旧/摊销

　　X2年6月预计处置费用，记入X2年。

　　Exit or disposal activities（F1-25）

　　-Costs types

　　Involuntary employee termination costs

　　Terminate contract costs

　　Other costs associated

　　-Criteria for Liability Recognition

　　Obligating event occurred

　　Present obligation

　　No discretion to avoid

　　——Liability Measurement – Fair value

　　——Disclosure

　　FI-2-1 Income from continuing operations

　　F1-2-2 Discontinued operations and exit or disposal activities

　　F1-2-3 Extraordinary items

　　F1-2-4 Accounting changes and error corrections

　　Extraordinary items，NET of tax （F1-27）：

　　-Unusual AND Infrequent（expropriation by Gov.）

　　Income from Continuing Operations，GROSS：

　　-Unusual OR Infrequent（Sales of a factory building）

　　IFRS

　　-No extraordinary items.

　　Pass Key of Extraordinary Items

　　Examples of Non-extraordinary Items.

　　-Loss from strike

　　-Large write-downs or write-offs of AR，Inventory，Intangibles，Long-term securities

　　-Gain/loss from disposal of PPE

　　-Gain/Loss from foreign currency transactions or translation.

　　FI-2-1 Income from continuing operations

　　F1-2-2 Discontinued operations and exit or disposal activities

　　F1-2-3 Extraordinary items

　　F1-2-4 Accounting changes and error corrections

　　Accounting Change classified as：（F1-29）

　　-Estimate Change-Prospective

　　-Principle Change-GR：Retrospective + SR：Prospective

　　-Entity Change-Restate

　　Error Correction–Restate

　　-Real Error–Should not wrong at that time

　　-From non-GAAP method to GAAP method（cash basis to accrual basis）

　　Tip：会计政策变更与会计估计变更的区别

　　会计政策变更：是指企业对相同的交易或事项由原来采用的会计政策改用另一种会计政策的行为。如坏账核算从直接法改为备抵法。

　　会计估计变更：是指由于资产或负债的当前状况及预期经济利益和义务发生了变化，从而对资产或负债的账面价值或资产的定期消耗金额进行调整的行为。如坏账核算备抵法下6个月-12个月账龄的计提比例从5%调整为10%.

　　Tip： 会计估计变更与会计差错更正的区别

　　过去做出的判断，已不适用今天和未来的情况，那么我们要做出相应的调整。这种调整是政策变更、估计变更，还是差错更正？

　　在当时的历史条件下，另一名有适当经验的合格财务人员是否会做出相同的判断？

　　“是”，会计估计变更（05年底球型显示器生产线的减值准备提少了）

　　“否”，会计差错更正（10年底球型显示器生产线的减值准备提少了）

　　Change In Accounting Estimate：（F1-29）

　　it is determined that the estimate previously used by the company is incorrect.

　　Prospective

　　-Do not affect previous periods（R.E）

　　-Only affect current and future period

　　Change In Accounting Principle：（F1-30）

　　From one accounting principle to another acceptable accounting principle

　　GR： Retrospective

　　Adjusting beginning retained earnings in the earliest period presented.（R.E）

　　SR： Prospective

　　-Change effect impracticable to Estimate（to LIFO）

　　-Change in Depreciation Method

　　Change In Accounting Entity：（F1-32）

　　When the entity being reported on has changed composition.

　　Restate

　　-As if the new composition has existed on the earliest period in F/S.

　　IFRS does not include the concept of a change in accounting entity.

　　Error Correction：（F1-33）

　　Two types

　　-Real Error – Should not wrong at that time

　　-From non-GAAP method to GAAP method（cash basis to accrual basis）

　　Restate

　　As if the accounting treatment is correct on the earliest period in F/S.

　　IFRS does not include the concept of a change in accounting entity.

　　IDEA

　　I- before tax

　　DEA – net tax

　　E – unusual and infrequent

　　Accounting estimate/principle/entity change

　　-Estimate，prospective

　　-Principle，GR：retrospective

　　-Entity， restate

　　Error Correction - Restate

　　-From Non GAAP to GAAP/ Real error

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